What is state continuation coverage in Texas?
State continuation lets you keep your coverage even if you can’t get COBRA. If you aren’t eligible for COBRA, you can continue your coverage with state continuation for nine months after your job ends. To get state continuation, you must have had coverage for the three months before your job ended.
Does Texas have state continuation?
Under Texas state continuation, you and your family may remain covered under your former employer’s health plan for up to nine months if you are not eligible for COBRA. State continuation applies only to group health benefit plans issued by insurance companies and HMOs that are subject to the Texas Insurance Code.
Who is eligible for Texas State Continuation?
Any individual who is covered under a group health plan either as the employee, the spouse of the employee, or the dependent child of the employee is eligible for the nine (9) month state continuation coverage if they have been continuously covered under the group coverage for at least three (3) consecutive months …
What is state continuation coverage?
What is state continuation? State law allows employees of smaller employers (fewer than 20 employees) to keep the same group health insurance coverage for up to nine months after loss of a job or loss of coverage because of a reduction in work hours. This is called state continuation.
What happens if you don’t use your insurance at all in a given year?
Your annual deductible probably resets every January 1. Just remember, when you don’t use your health insurance coverage for a medical service, the money you pay out of pocket will not count toward your deductible.
Can you stay on Cobra longer than 18 months?
If you are entitled to an 18 month maximum period of continuation coverage, you may become eligible for an extension of the maximum time period in two circumstances. The first is when a qualified beneficiary is disabled; the second is when a second qualifying event occurs.
How long does Cobra coverage last in Texas?
In most cases, COBRA provides for continuation of health plan coverage for up to 18 months following the work separation. COBRA rights accrue once a “qualifying event” occurs – basically, a qualifying event is any change in the employment relationship that results in loss of health plan benefits.
How long do benefits last after termination?
There is no specific timeframe for how long an employer must keep your health insurance coverage after a job termination. Instead, the business makes that decision. Some companies may end health insurance on the day of termination. Another may wait until the end of the month.
What type of auto insurance are you required to carry in almost every state 49 out of 50 )?
Auto liability insurance is required in virtually every state. What is bodily injury coverage? It’s the part of liability coverage that insures you against the injury you cause to others in an auto accident.
What is the definition of State continuation in Texas?
State continuation applies only to group health benefit plans issued by insurance companies and HMOs that are subject to the Texas Insurance Code. State continuation does not apply to employer self-funded (ERISA) health care plans, which are exempt from state insurance laws.
When does an employer have to offer continuation coverage?
Federal law requires that most group health plans (including this Plan) give employees and their families the opportunity to continue their health care coverage through COBRA continuation coverage when there’s a “qualifying event” that would result in a loss of coverage under an employer’s plan. What’s COBRA continuation coverage?
What happens if I reject COBRA continuation coverage?
If you don’t submit a completed Election Form by the due date shown above, you’ll lose your right to elect COBRA continuation coverage. If you reject COBRA continuation coverage before the due date, you may change your mind as long as you submit a completed Election Form before the due date.
What happens if you are not eligible for Cobra in Texas?
STATE CONTINUATION: If you are not eligible for COBRA or if you have exhausted your COBRA coverage, Texas law provides you with coverage continuation rights. Under Texas state continuation, you and your family may remain covered under your former employer’s health plan for up to nine months if you are not eligible for COBRA.